Protect Your Business from FX Volatility
Currency Risk Management: Protect Your Business from FX Volatility
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Africa FXchange
Solving Your African Payments Challenge
Helping you do Business in Africa
Collect Payments Locally in African Currencies & Receive any International Currency in your Home Bank Account
Enabling Global Enterprises to Seamlessly do business in Africa
RemittancesHub enables Global businesses to collect payments in local currency in Africa, and in exchange receive an international currency of their choice in their home bank account, seamlessly, securely & efficiently. When you do business in Africa, we solve your currency risk.
Collecting Your Payments, Locally in
22 Countries, 10 Currencies
Ensuring smooth transfers of local earnings into global accounts, with high liquidity.
Western African Monetary Union (8 Countries) (XOF)
Central African Monetary Union (6 Countries) (XAF)
Nigeria (NGN)
Ghana (GHS)
South Africa (ZAR)
Tanzania (TZS)
Kenya (KES)
Uganda (UGX)
Rwanda (RWF)
Malawi (MWK)
...and many more, Coming Soon!
How Africa FXchange Works
Register with RemittancesHub, with full KYC & AML compliance
Transfer your local currency to RemittancesHub locally
Trapped Business Payments Delayed payments, because businesses unable to convert local currency into an international currency
You Collect Payments in Local Currency
RemittancesHub delivers equivalent International Currency to your Bank Account Anywhere in the World
Africa FXchange Benefits
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Wide Africa Coverage
Supports 10 African currencies across 22 countries, with high levels of liquidity
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Choose Your International Currency
Receive funds in any of our 38 supported currencies, in over 84 countries globally
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Transparent Service
Know all costs & FX rates upfront, before making transfer. No hidden costs
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Fully Compliant
We are fully compliant With KYC / KYB and AML procedures, to ensure stable & reliable service
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Expand Market Reach
Unlock new revenue streams across untapped markets with multi-currency capabilities, for both one time or recurring / subscription payments, across industries
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Generate Business Efficiency
Receive funds quickly and efficiently for efficient cash flow management, improving operational control and scalability
Helping you do Business in Africa
Redefining cross-border payments
- Collect Locally, in local currency ...in 22 African countries
- Receive International Currency of your choice…in your home bank account
Blog Section.
Welcome to our blog section, where we provide in-depth insights and expert advice on navigating the challenges of cross-border payments from Africa. Whether you're dealing with currency restrictions, trapped / delayed funds, or regulatory hurdles, our articles are designed to equip global enterprises with the strategies and tools needed to navigate payment challenges while doing business in Africa. Explore our latest posts to unlock new opportunities and drive your business forward in the global market.
FAQ.
Q:
What is Africa FXchange, and who is it for?
A:
Africa FXchange is a cross-border payment solution by RemittancesHub for global businesses operating in Africa. It helps them collect payments in local African currencies, and receive funds in any international currency of their choice, in their home bank account.
Q:
How does RemittancesHub Africa FXchange work?
A:
RemittancesHub Africa FXchange enables businesses to collect payments in 10 African currencies across 22 countries, and receive funds in any international currency of their choice, in their home bank account.
Q:
Is the service fully compliant with international regulations?
A:
Yes, RemittancesHub Africa FXchange adheres to strict KYB, AML, and CFT regulations to ensure compliance and security. We do not operate in sanctioned countries or with sanctioned entities.
Q:
What are the costs and benefits of using Africa FXchange?
A:
Our Service offers transparent and competitive FX rates and transfer fees.You will know the exact amount of foreign currency you will receive in your home bank account, before initiating the local transfer in Africa.
Q:
How do I get started with Africa FXchange?
A:
Sign up [to give contact us link here], Submit KYB documentation for compliance, register your bank account and preferred settlement currency.Once approved, you're ready to transact!
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Redefining
Cross Border
Business Payments
445 Banks Road, Office No. 8
KELOWNA BC V1X 6A2, Canada
enquiry@remittanceshub.com
www.remittanceshub.com
KELOWNA BC V1X 6A2, Canada
enquiry@remittanceshub.com
www.remittanceshub.com
Redefining Digital
Cross Border Payments
and Remittances
Providing Global Connectivity, Transaction Processing, FX &
Financial Settlement for Cross Border:
- Business Payments
- Payment Collections
- P2P Remittances
RemittancesHub offers Seamless, Secure & Digital Cross Border Payment & Remittance aggregation with:
- One Contract
- One API Integration
- One Point Settlement
In Near Real Time
At Significantly Lower Costs
With High Transaction Limits
With End to End Transaction Tracking
At Significantly Lower Costs
With High Transaction Limits
With End to End Transaction Tracking
Our Services
Transforming how Global Sending & Receiving Operators Connect & Transact
Providing backend network rails & settlement to Banks, Fintechs & Remittance companies in emerging markets, to enable efficient & cost-effective outbound payments by their SME customers to their overseas suppliers.
Enabling payment collection via local clearing from USA (USD), Eurozone (EUR), UK (GBP) and Canada (CAD), for payout into bank accounts of SMEs, SOHO and Freelancers in emerging markets.
International P2P
Remittances
Providing backend network rails & settlement to Remittance Sending Operators (MTOs, Exchange Houses, Fintechs, Banks), for payouts into bank accounts of beneficiaries in major Receive markets.
Payout Network
86 Countries
47 Currencies
We enable Payouts into all bank accounts (individual & corporate) in all major countries of the world
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Our Clients
Money Transfer Operators
Exchange
Houses
FinTechs
Banks
Mobile
Wallets
Payment
Operators
- Enabling faster & cost effective cross border payments for businesses, with full tracking
- Enabling easier & cost effective payments collections for SMEs, SOHO & Freelancers
- Enabling Remittance Sending operators to fill gaps in their correspondent networks quickly
- Easy integrations. No need to modify your IT systems
- Real-time transaction processing
- Single point settlement
- 24x7 Tech Support
- MSB license from FINTRAC Canada
Cross Border Payments totaled $150 trillion in 2017
Overseas Business Payments are being disrupted by FinTechs to meet SMEs & corporate customers’ demand for faster & cheaper payments, with full tracking & transparency.
Collection of small-mid size payments from overseas clients is expensive & inefficient via traditional channels
Inviting...
Money Transfer Operators, PSPs, FinTechs, Mobile Wallets & Banks to Connect with us and Grow their International Remittance Business
How It Works
RemittancesHub is a licensed Financial Institution, providing backend network & settlement services to Remittance Sending Operators, for payouts into all bank account in the major exporting countries of the world
Trusted
We are fully compliant with KYC, AML, CFT regulations
Secure
All transactions on our network & hub are encrypted and fully secure
Seamless
All transactions are effected in near real-time, with minimal failure rates. We give you single API access to major global destinations